In a report released today, Bruce Jackson from Benchmark Co. maintained a Buy rating on Humacyte (HUMA – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $2.91.
Jackson covers the Healthcare sector, focusing on stocks such as VolitionRX, Belite Bio, Inc. ADR, and Biolase. According to TipRanks, Jackson has an average return of -15.7% and a 32.16% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Humacyte with a $7.00 average price target, implying a 140.55% upside from current levels. In a report released on December 12, TD Cowen also assigned a Buy rating to the stock with a $5.00 price target.
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Based on Humacyte’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $26 million. In comparison, last year the company earned a revenue of $31 thousand and had a GAAP net loss of $25.28 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUMA in relation to earlier this year. Last month, Wallace Max N., a Director at HUMA bought 6,564.00 shares for a total of $7,811.16.
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Humacyte (HUMA) Company Description:
Alpha Healthcare Acquisition Corp is a blank check company.
Read More on HUMA:
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- Humacyte to Present at the Piper Sandler 35th Annual Healthcare Conference
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